STERLING, Va., May 10, 2011 — InferX Corporation (Pink Sheets: NFRX) announced today that it has appointed David Croslin as the Chief Technology Advisor. As a globally recognized technology and business leader, David has led product and market innovation in global companies like Hewlett-Packard as Chief Technologist and Verizon Business as Chief Product Architect. David has acted as a trusted advisor to the executive teams of some of the largest companies in the world and has been instrumental in driving sales and evolving technology products valued at over $2B annually. David has amassed a portfolio of twenty-five technology patents
"InferX specializes in an area that is my forte as well: Predictive Data Analysis. Data is the foundation of our modern world. The highly dynamic environment of data collection and analysis will differentiate the winners from the losers in our recovering economy. This is true in healthcare, financial services, government and any industry where real time data analysis makes the competitive difference. InferX's patented technologies eliminate traditional data analysis roadblocks through the ability to work with distributed, non-converged data streams in real time. InferX then goes a step further by identifying in real time any micro-trends in the data that reflect a company's risks, challenges and opportunities. I believe that InferX is unique and provides the true competitive data advantage to its customers. I predict that InferX will dominate the predictive analytics field within the next three years across multiple targeted industries. I am honored to be joining the InferX team, " said David Croslin.
Author of the recently released Prentice-Hall book, Innovate the Future: A Radical New Approach to IT Innovation, David's goal is to work with InferX to assist in launching new products and developing new business opportunities which are expected to catapult InferX's Predictive Analytics technology into new industries. The book has received praise from widely diverse industries including telecommunications, electric utilities, venture capital, children's creativity, education and many others.
Vijay Suri, CEO, President & Founder of InferX Corp, said: "Speaking for the entire company, I am proud and excited that David Croslin is joining our team. This addition to the leadership team is a milestone for the company and continues our efforts to solidify our technology leadership in the predictive and advanced analytics marketplace. David's skills as an innovator will help InferX tremendously at a time when we seek to satisfy the huge demand for predictive analytics. His insights will be valuable in refining our business and technology strategy."
About InferX CorporationInferX is the market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support — all without the need to move data. InferX is headquartered in Sterling, VA.
Forward-Looking StatementsCertain statements above, in press releases and NFRX officials oral statements are "Forward-Looking Statements" (FLS) according to the Private Securities Litigation Reform Act of 1995 (the "Act"). FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. See InferX's 10-K for 12/31/09 for a discussion of those risks. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. NFRX has no specific intention to update these statements.
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